NRI deposit flows surge over 6x to $36.2 bn in Apr-Jul FY27: RBI data
FCNR(B) deposit flows surged to $34.53 billion in April-July FY27, while outward remittances under the LRS rose 4.7 per cent year-on-year to $9.37 billion
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Aathira Varier
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LIC left with two serving MDs as Dinesh Pant joins Irdai as actuary member
Dinesh Pant has been appointed whole-time director, actuary, at Irdai, reducing the number of serving managing directors at LIC to two
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Irdai's proposed commission cuts threaten PB Fintech's online economics
Analysts say PB Fintech's core online insurance revenue could take a nearly 30 per cent hit, though cost optimisation and higher volumes could cushion the impact
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Irdai's fee cap proposal rattles distributors; insurance stocks tumble
Irdai's proposed commission caps could hit distributor incomes, with banks and NBFCs facing pressure from lower payouts on insurance products
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Credit card spends fall 2.8% to ₹2.02 trillion in August, shows RBI data
Credit card spending fell to Rs 2.02 trillion in August as online spends declined 7 per cent, while the number of outstanding cards rose to 124.05 million
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Irdai commission caps may weigh on insurance fee income of banks, NBFCs
Lenders with multiple insurer tie-ups and incentive-led payouts could face a sharper impact, while L&T Finance is seen as the most exposed among NBFCs
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Insurance distributors bleed as Irdai proposes sharp commission cuts
PB Fintech plunged 36 per cent and Turtlemint fell 20 per cent as analysts warned proposed commission cuts in health, term and motor insurance could hit earnings
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Irdai proposes tighter expense limits, new commission caps for insurers
The regulator proposes phased cuts to insurers' expense limits, new commission caps and a ban on compulsory bundling of insurance with loans to lower costs and curb mis-selling
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